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9. Assume that the current spot exchange rate of the Singaporean dollar (SGD) is $0.7400. The one-year interest rate is 1% in the United States

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9. Assume that the current spot exchange rate of the Singaporean dollar (SGD) is $0.7400. The one-year interest rate is 1% in the United States and 3% in Singapore. What will the SGD spot rate be in one year according to the International Fisher Effect (to four decimal places)

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